Buyer Register seller Register Contact Us

HOW IT WORKS

Post your Enquiry
Step 1

post your enquiry

A Buyer Interested in purchasing material logs on to setup his enquiry where he specifies

  • Commodity Required
    Commodity
    Required
  • Quantity Required
    Quantity
    Required
  • Delivery Period
    Delivery
    Period
  • Payment Method
    Payment
    Method
  • Custom Specification
    Custom
    Specifications
  • Inspection agency
    Inspection
    Agency
Upon Specifying Specs, The Buyer chooses Supplier of his choice and deposits Performance Guarantee as per Trade Policy.
Step 2

Seller negotiation

Once the Sellers selected by the buyer receive the enquiry which contains all relevant information, they give their consent to participate in negotiation, deposit performance guarantee* & are intimated the 30 minute window to quote their rate for the buyer. During Realtime Online Negotiations the sellers are able to see

  • Participants
    No. of Participants
  • Quoted Rates
    Their quoted Rates
  • Lowest Rates
    Lowest Rates
Seller Negotiation
Step 3

Counter Offer

Buyer has option to present any of the participating sellers with a Counter Offer within 15 Minutes of the End of the Negotiation. The Offer shall be a Firm offer which, if accepted, shall convert into an order automatically. Seller shall have 15 minutes to reply to the counter offer presented by the buyer.

Seller Negotiation
Step 4

Buyer pay-in

Buyer completes Payment Obligation as per method chosen by him at the Time of Floating Enquiry within Stipulated Time Frame. Payment Obligation shall be done before dispatch of goods in all instances.
Currently the Payment Obligations can be completed by 2 Methods

Buyer Pay-in
Step 5

Inspection of goods

Seller Facilitates Inspection of Goods by Buyer appointed Inspection Agency at site.

Inspection of Goods
Step 6

Delivery of goods

Goods Dispatched to buyer address before last date of dispatch.
Delivery related document uploaded for buyer verification.
Proof of delivery uploaded to verify receipt.

Delivery of Goods
Step 7

Payment successful

Upon successful delivery, the supplier is able to get his payment by approaching his bank holding the LC or through ESCROW to complete the transaction.

For ESCROW
Payment Transferred from ESCROW to Seller Bank Account within 3 Banking Days from the date of Receipt or Reporting of Bill of Lading.

For LC
Delivery Receipt Can be used to get LC Discounted.
Payemnt Successful

HOW IT WORKS

Tradologie.com is designed to replicate current market practices and to provide a digital interface to the existing business methods. Unlike other B2B Portals, the tradologie.com platform is designed to provide the users an Enquiry-to-Delivery rather than sell leads.

Enquiry
Step 1

post your enquiry

A Buyer Interested in purchasing material logs on to setup his enquiry where he specifies

  • Commodity Required
  • Quantity Required
  • Delivery Period
  • Payment Method
  • Custom Specifications
  • Inspection Agency

The buyer then proceeds to

  • Choosing Suppliers registered with Tradologie.com
  • Making Payment of Performance Guarantee*
Registration Now as Buyer!
Negotiation
Step 2

Seller negotiation

Once the Sellers selected by the buyer receive the enquiry which contains all relevant information, they give their consent to participate in negotiation, deposit performance guarantee* & are intimated the 30 minute window to quote their rate for the buyer. During Realtime Online Negotiations the sellers are able to see

  • No. of Participants
  • Their quoted Rates
  • Lowest Rates Received by the Buyer

The buyer after the completion of Negotiations is able to place orders to any 1 to 3 of the suppliers who have participated in the Negotiations.

Registration Now as Supplier!
Negotiation
Step 3

Seller negotiation

Buyer has option to present any of the participating sellers with a Counter Offer within 15 Minutes of the End of the Negotiation. The Offer shall be a Firm offer which, if accepted, shall convert into an order automatically. Seller shall have 15 minutes to reply to the counter offer presented by the buyer.

Registration Now as Supplier!
Buyer
Step 4

Buyer pay-in

As per the Trade Policy of Tradologie.com, The buyer completes his payment obligation with the scheduled time frame as per the method chosen by him at the time of floating the Enquiry. The payment obligation in all cases shall be completed before the dispatch of goods by the seller.

Registration Now as Buyer!
Inspection
Step 5

Inspection of goods

The Seller Facilitates the inspection of goods at site by the inspection agency appointed by the buyer within the stipulated time frame & Uploads the Inspection Report on the platform.

Registration Now as Supplier!
Goods
Step 6

Delivery of goods

Upon completion of inspection, the supplier dispatches the goods to the buyer in the stipulated time frame and intimates the same on the platform. Upon receipt, the Buyer and Seller Upload the proof of receipt.

Registration Now as Buyer!
Payment
Step 7

Payment successful

Upon successful delivery, the supplier is able to get his payment by approaching his bank holding the LC or through ESCROW to complete the transaction.

Registration Now as Supplier!



FAQ